10000 results found for 'Kraken'

10000 results found for 'Kraken'
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  • Fastnet Oil & Gas Acquires Pathfinder Hydrocarbon Ventures (Ireland)

    18 July 2012
    Business & Finance

    Fastnet Oil and Gas plc, the newly listed E&P company focussed on near term exploration acreage in the Celtic Sea and Africa, announces that it has acquired the entire issued share capital of Pathfinder Hydrocarbon Ventures Ltd from its parent company, Pathfinder Energy Maghreb plc (“PEMP”) for an initial consideration of US$8.0 million to be […]

  • PLAT-I en route to Canada

    10 July 2018
    Authorities & Government, Business & Finance, Operations & Maintenance, Research & Development, Technology, Vessels

    Sustainable Marine Energy’s PLAT-I tidal energy platform is currently sailing across the Atlantic towards Canada where it will be deployed in the area boasting the world’s most extreme tides – the Bay of Fundy.

  • APPEA: FMG Highlights Gas Reservation Flaws

    29 May 2014

    The Australian Petroleum Production & Exploration Association has welcomed comments in a report released by Fortescue Metals Group that highlight the negative impacts of a domestic gas reservation policy. APPEA’s Chief Executive, David Byers, said the Deloitte Access Economics report released by FMG today provides yet more support for the case against gas reservation. “Earlier […]

  • Jadestone wraps up Stag well drilling, prepares for production

    13 May 2019
    Exploration & Production

    Jadestone Energy has completed its infill drilling campaign at the Stag oil field located offshore Australia, which was the first well at the field in six years. 

  • EA Gibson: Tanker Market Outlook Stays Bullish

    14 September 2015
    Business & Finance

    The turbulent month of August which saw instability in global financial markets, especially in China, has not shaken the outlook for the tanker market which remains bullish and offers highly attractive earnings, according to the London-based shipbroker E.A. Gibson. Irrespective of market fluctuations, this year appears to be a great year for most tankers with rates being well […]

  • Tanker Scrapping Key for Sustainable Market Recovery

    7 September 2018

    Long-term recovery is highly dependent on removal of outdated capacity from the fleet through demolition.

  • MSI: Dry Bulk Market Could Recover in 4th Quarter

    18 August 2016
    Business & Finance

    The dry bulk markets are expected to see a fourth quarter bounce in chartering activity for both the Capesize and Panamax sectors,driven by improving iron ore, coal and grain trades, but the effects may be limited, according to Maritime Strategies International (MSI). MSI said that it sees positive signs beyond the traditional summer lull in chartering activity […]

  •  Oversupply to Turn Up the Heat on Chemical Shipping in 2018

    14 February 2018

    Chemical shipping freight rates will weaken due to the depressed outlook on overtonnaged long-haul routes.

  • Lack of Automation Rules a Major Challenge, Ståhlberg Says

    12 June 2019
    Business & Finance

    Biggest challenge for new automated ferry is the lack of rules, Wasaline explains during Nor-Shipping in Oslo.

  • Wärtsilä In on Ferry Design Project

    4 August 2014
    Business & Finance

    Wärtsilä has been selected as the partner for designing a new ferry as part of the ‘Midway Alignment of the Bothnian Corridor’ project.   The scope of the design work will be both initial and basic design. The ferry is designed for sailing between Vaasa in Finland and Umeå in Sweden across the Gulf of […]

  • VIDEO: Dive Survey of Rena’s Stern Section Completed (New Zealand)

    25 January 2013
    Business & Finance, Operations & Maintenance

    A dive survey to conduct an external visual assessment of the Rena’s sunken stern section and its cargo has now been completed. Early indications from the surveys suggest that of the 36 remaining containers in the stern section carrying known contaminants, many have broken up and their contents have escaped since the vessel broke in […]

  • UK: Trapoil Farms Out Kew to Centrica and JX Nippon

    25 November 2011
    Business & Finance

    Trapoil, an oil and gas exploration and appraisal company focused on the UK Continental Shelf (“UKCS”) region of the North Sea, has  farmed out 80% of its working interest in its Kew asset (P.1864, Block 9/24d)  to Centrica North Sea Oil Limited ( (60%) and JX Nippon Exploration and Production (U.K.) Limited (20%) . Centrica […]

  • Eunavfor Stays in Somalia for Two More Years

    21 November 2014

    The European Council has extended the EU’s counter-piracy Operation Atalanta by two more years, until December 12, 2016. The Operation’s main focus is the protection of World Food Programme vessels delivering humanitarian aid to Somalia; and the deterrence, repression and disruption of piracy off the Somali coast. In addition, Operation Atalanta contributes to the monitoring […]

  • Canada: Pacific Northern Gas Announces Special PTP Sale Dividend of USD 3 Per Share and 16 Percent Gain in Q4 Earnings

    4 March 2011

      Pacific Northern Gas Ltd. announced that the Board of Directors has declared a special dividend of $3.00 per common share in addition to a regular quarterly dividend of $0.30 per share. The latest quarterly dividend is unchanged from the fourth quarter of 2010 but up from $0.28 in the first quarter of 2010. The […]

  • Namibia: Polarcus Nadia to Start Luderitz Basin Survey in April

    15 March 2012
    Business & Finance

    Serica Energy plc announces that, it has signed a contract with Polarcus Seismic Limited utilising the 10-streamer vessel Polarcus Nadia for an extensive 3D seismic acquisition survey in Serica’s Luderitz Basin Blocks 2512A, 2513A, 2513B and 2612A (part), located offshore Namibia. The survey, planned to commence in early April and cover an area of up […]

  • Lundin returns to profit. Edvard Grieg field boosts production

    11 May 2016
    Equipment

    Sweden’s Lundin Petroleum has returned to profit in the first quarter of 2016, reporting a net result of $114.3 million. For comparison, the group reported a net loss of $230 million in the corresponding quarter a year ago. The company said the profit in the first quarter of the year was mainly driven by the excellent production […]

  • Italdraghe Innovative Dredging Bucket (Italy)

    24 June 2010
    Business & Finance, Equipment, Research & Development, Technology

    Italdraghe, the Italian dredger builder, has designed a dredging bucket that is ideal for small scale dredging jobs in narrow canals and waterways involving the removal of only a few thousand cubic meters of material. This bucket can be fitted on to either land-based or floating excavators and features a range of additional quick change […]

  • US, Canada Start Evacuating Passengers on board Diamond Princess as Coronavirus Cases Hit 355

    17 February 2020

    The US and Canada are sending airplanes to Japan to evacuate their citizens from Diamond Princess.

  • IMB Advises Continued Vigilance as Maritime Piracy Attacks Decline

    16 April 2013
    Business & Finance

    The International Chamber of Commerce (ICC) International Maritime Bureau’s (IMB) latest quarterly report on Piracy and Armed Robbery Against Ships recorded a total of 66 incidents worldwide in the first three months of 2013. This is down markedly from the 102 incidents reported for the corresponding period in 2012. In the first three months of […]

  • MSC Moves to the Deurganck Dock

    13 May 2014
    Business & Finance

    The MSC shipping company is to consolidate all its activities in the port of Antwerp in the Deurganck dock, on the left bank of the Scheldt. The Port Authority board of directors gave the go-ahead for the move on Monday evening. The transfer is necessary in order to permit further expansion by MSC in Antwerp. […]

  • Unions want answers on workers’ deaths. Slam ‘ineffective’ watchdog

    27 August 2014

    Australian offshore safety watchdog NOPSEMA has informed that it has completed investigation into an explosion which lead to the deaths of two workers aboard an offshore rig in 2012, but unions question the regulators effectiveness and seek answers. NOPSEMA, the National Offshore Petroleum Safety and Environmental Management Authority, yesterday said that “legal proceedings have commenced […]

  • BP Building Supercomputer to Enhance Seismic Data Processing (USA)

    10 December 2012

    BP on Friday announced the start of construction of a new facility to house the largest supercomputing complex for commercial research in the world, a project that will keep BP at the forefront of seismic imaging technology and be a critical tool in its global hunt for oil and natural gas in coming years. The […]

  • UK: ICS Supports The Role of IMO on CO2 Emission Reduction

    10 August 2011
    Business & Finance

    The shipping industry remains firmly behind the International Maritime Organization (IMO) as the architect of change when it comes to regulating shipping’s CO2 emissions, according to Peter Hinchliffe, Secretary General of the International Chamber of Shipping (ICS). While it is clearly in the interest of shipping to minimise its CO2 output by reducing fuel consumption, […]

  • USA: Newton Labs Deploys Nuclear Underwater Laser Scanner at Quad Cities Generating Station

    23 November 2011
    Business & Finance, Operations & Maintenance

    Newton Labs recently announced the successful deployment of their NM200UW nuclear underwater laser scanner in the annulus of the Quad Cities Generating Station near Cordova, Illinois, owned by Exelon Nuclear​. The revolutionary new scanner recorded precision measurements in the difficult-to-reach “beltline” area of the jet pump within a relatively short period, at the end of […]

  • CHC Grounds All Flights After Helicopter Crash Off Shetland

    25 August 2013

    Step Change in Safety’s Helicopter Safety Steering Group (HSSG) yesterday held a meeting in response to the CHC helicopter ditching off Shetland on Friday evening. HSSG has taken the precautionary measure of recommending temporary suspension of all Super Puma commercial passenger flights to and from offshore oil and gas installations within the UK.  This does […]